The DAX as you can see was closed during the session on Friday, but we’ve seen alone of negative pressure lately. We’re getting fairly close to the €9000
The DAX as you can see was closed during the session on Friday, but we’ve seen alone of negative pressure lately. We’re getting fairly close to the €9000 level, an area that we feel is massively supportive. Because of that, we would look for a supportive candle down there in order to turn back around in this marketplace, and as a result we think that the buyers could in fact come back soon. The market breaking below the €9000 level could in fact be a very negative sign, and we would most certainly believe that this market would be very negative if we broke down below the €8900 level.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
